Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Thank you for your question. I am happy to assist you.
Based only on the facts presented in your hypothetical, the auto parts store would not have recourse against the parent company or other LLCs. This would not be credit fraud but rather would be considered asset protection planning.
I hope that the information which I provided was helpful to you.
Best wishes for a Happy New Year. If you have additional questions, please do not hesitate to submit them to me directly.
Thank you, FLAandNYLAWYER
Please click ACCEPT so that I can get credit for my work
Bonus and Positive Feedback gratefully accepted!
THIS IS FOR INFORMATION ONLY. NO ATTORNEY-CLIENT RELATIONSHIP EXISTS. PLEASE CONSULT A LAWYER IN YOUR STATE FOR LEGAL ADVICE